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As Dubai’s economy has grown, so have the state’s employment opportunities, culminating in vibrant publishing industry. Oil and gas, transportation and communication, information technology, and tourism are the main sectors in Dubai. As a result of the fast-growing economy, there is a surplus of office space. Dubai has surpassed New York as the most popular destination to start a business as a foreigner.
The Dubai Marina, in particular, is home to several critical multinational businesses, including Citibank, Daimler-Chrysler, Goldman Sachs, Hilton, Apple, Credit Suisse, Reebok, and others. A planned economic development zone close to Sharjah’s city core is the free zone. In the United Arab Emirates, this zone has grown into an important center for business, finance, and administration.
To start a business as a foreigner , primary businesses in this proposed zone are shipping, transportation, information technology, banking, chemicals, tourism, construction, and food. A few industries are primarily of interest to Sharjah; nevertheless, they are not entirely owned by Dubai authorities and operate under a different legal framework. The Sharjah Gold Market, wholly owned by the Dubai Gold Association; Arabian Ranches, a real estate business with operations in Sharjah and Abu Dhabi; and the Sharjah Free Zone, a commercial development within the free zone, are the three entities.
How to start a business in Dubai?
The publishing city of Dubai offers a variety of rental choices. These options are studio or one-room flats, magnificent villas, and fully furnished offices with all the necessary amenities for a working environment. You can even have a space on the same premises for lease if you want to run an entire publishing firm from the exact location. The Dubai license fee covers the operating costs of these offices.
However, it is essential to note that the charges in Dubai publishing houses and offices are more significant than in other places. This is due to Sharjah’s status as a high-income city. This is due to Dubai’s strategic location at the crossroads of Europe and Asia, its proximity to the United Arab Emirates, and the city’s climate. It’s no surprise that Sharjah’s real estate market has exploded since the town began to attract a considerable number of foreign enterprises.
When a Sharjah property owner chooses a Sharjah property as an investment, he reaps a slew of perks. This includes an exemption from paying taxes on the property’s income. Due to the UAE’s first free zone, Sharjah is also a safe city in crime and safety. The Sharjah International Airport, the Jumeirah waterfront, and the Arabian Ranches are among the sights that have been frozen.
When starting a business in a foreign country, you can consult a company specializing in business incorporation to assist you with the required paperwork.
